University Of Pune Question Paper
P.G.D.I.T. Examination, 2013
Paper II – DIRECT TAXES – STRUCTURE AND PROCEDURE – II
Time : 3 Hours Max. Marks : 100
Instructions : 1) Question No. 7 is compulsory.
2) Attempt any four from the remaining.
3) All questions carry equal marks.
1. Explain the Term Total Income under Income Tax Act 1961.
2. Explain the difference between Capital Expenditure and Revenue Expenditure
under Income Tax Act 1961.
3. Write short notes :
a) Assessment year
b) Assessment
c) Exempted Income from Income Tax
d) Person
4. Explain the concept of Agricultural Income Under Income Tax Act 1961.
5. Explain the provisions of E-payment and E-registrations under Professional Tax
Act 1975.
6. a) What are the types of Taxes in India ?
b) What are taxable assets under Wealth Tax Act ?
P.T.O.
Seat
No.
[4396] – 102 -2-
7. Compute the Net Wealth of Mr. Jagadish, for the year ending an 31-3-2013, on
the basis of the following particulars of his assets and liabilities.
Particulars
1) Motor Car of foreign make held as
Fixed assets 25,00,000
2) Gold Bonds under Gold Deposit Scheme, 1999 20,00,000
3) Residential House Property at Nagpur letout
w.e.f. 1st April, 2011 10,00,000
4) Jewellery 12,00,000
5) Land purchased for Industrial Purpose :
on 1st April, 2009 6,50,000
on 20th March 2012 9,50,000
6) Loan against purchase of lands :
on 1st April, 2009 4,25,000
on 20th March, 2012 5,50,000
7) Wealth Tax Liability 15,000
8) Cash on Hand 80,000
9) Cash at Bank 2,20,000
——————
P.G.D.I.T. Examination, 2013
Paper II – DIRECT TAXES – STRUCTURE AND PROCEDURE – II
Time : 3 Hours Max. Marks : 100
Instructions : 1) Question No. 7 is compulsory.
2) Attempt any four from the remaining.
3) All questions carry equal marks.
1. Explain the Term Total Income under Income Tax Act 1961.
2. Explain the difference between Capital Expenditure and Revenue Expenditure
under Income Tax Act 1961.
3. Write short notes :
a) Assessment year
b) Assessment
c) Exempted Income from Income Tax
d) Person
4. Explain the concept of Agricultural Income Under Income Tax Act 1961.
5. Explain the provisions of E-payment and E-registrations under Professional Tax
Act 1975.
6. a) What are the types of Taxes in India ?
b) What are taxable assets under Wealth Tax Act ?
P.T.O.
Seat
No.
[4396] – 102 -2-
7. Compute the Net Wealth of Mr. Jagadish, for the year ending an 31-3-2013, on
the basis of the following particulars of his assets and liabilities.
Particulars
1) Motor Car of foreign make held as
Fixed assets 25,00,000
2) Gold Bonds under Gold Deposit Scheme, 1999 20,00,000
3) Residential House Property at Nagpur letout
w.e.f. 1st April, 2011 10,00,000
4) Jewellery 12,00,000
5) Land purchased for Industrial Purpose :
on 1st April, 2009 6,50,000
on 20th March 2012 9,50,000
6) Loan against purchase of lands :
on 1st April, 2009 4,25,000
on 20th March, 2012 5,50,000
7) Wealth Tax Liability 15,000
8) Cash on Hand 80,000
9) Cash at Bank 2,20,000
——————
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